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Beta Carotene Market Size
- Report ID: GMI204
- Published Date: Mar 2023
- Report Format: PDF
Beta Carotene Market Size
Beta Carotene Market size surpassed USD 575 million in 2022 and is anticipated to grow at a CAGR of 5% between 2023 and 2032.
Beta carotene is added to nutraceutical products owing to its vitamin A content and antioxidant properties, with potential applications in the treatment and prevention of heart diseases and tumours. Also, it is used as a food colorant and has applications in dietary supplements and functional food & beverages. The aging population, diversification of eating habits, inclination towards high-quality natural ingredients, growing demand for convenience, and food safety are some of the major reasons driving the global nutraceuticals industry.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Beta Carotene Market Size in 2022: | USD 575 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 955 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 310 |
| Tables, Charts & Figures: | 364 |
| Segments covered: | Source, Application, Product, Form, and Region |
| Growth Drivers: | |
| Pitfalls & Challenges: |
Shifting consumer preference toward healthy food habits owing to the rising lifestyle-related diseases and the trend toward natural additive consumption will create new growth opportunities in the beta carotene market. Key health benefits, including the reduction of risk of obesity, hypertension, cancers, diabetes, and strokes, will proliferate the industry share. The growing demand for dietary supplements and nutrition among the geriatric population is one of the considerable factors driving the market demand.
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Beta Carotene Market Scope
